THE Bangko Sentral ng Pilipinas (BSP) has ordered a Batangas-based Women's Rural Bank Inc. closed and placed under receivership, state-run Philippine Deposit Insurance Corp. (PDIC) announced on Friday.
The two-unit rural bank, which is headquartered at 29-A, Carandang Street Barangay C (Pob.), Rosario, Batangas, has been prohibited from doing business and its assets and affairs placed under the control of the PDIC.
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